// I only trade 1hr charts during the the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... ///. {file}
{quote} Apply the search function to this thread for > 10 pips < a day. There are a few posts made by DrDave
{quote} Hello traders, Just ignore the mentally ill troll and focus on trading. Use of Price Actions in post #647 in the TMS method. These price actions set expectations on where a good TMS setups are. When in trade, this can be helpful in planning exit. Previous Highs and Lows Trend Rejections and Reversals {image}
{quote} Another example of using BigE's TMS method with Price Action #647 to plan trades. Previous highs and lows Trend Rejections and Reversals TDI signals {image}
{quote} GU sell. low volatility, trade lower timeframe with TMS. {image} {image}
If i were to trade the 4H for 20 pips I'd have a fairly high success rate maybe >80%, just not enough data for downside yet. Has anyone done this type of research? Use 20 or similar pips (predetermined number) for 1st TP? {image}
{quote} @Shahhalo First that is true trading the 4Hr has high success rate. That is main reason why the OP Big E started this thread was to encourage the experienced traders to trade with the bias and view to the higher timeframes H4 and Daily and Weekly. Even when he scalp he would scalp the 4hr which mean the H4 market conditions must be the bias. During his time 2008 to 2011, the market volatility was different. But current market conditions we need to look at several other factors. 1, is the volatility of the currency pairs and the swing during...
lol{quote} @Shahhalo First that is true trading the 4Hr has high success rate. That is main reason why the OP Big E started this thread was to encourage the experienced traders to trade with the bias and view to the higher timeframes H4 and Daily and Weekly. Even when he scalp he would scalp the 4hr which mean the H4 market conditions must be the bias. During his time 2008 to 2011, the market volatility was different. But current market conditions we need to look at several other factors. 1, the volatility of the currency pairs and the swing during...
{quote} Use the Previous Highs and Lows as one reference to determine SLTP. This can let your trades fit the current volatility.
{quote} BigE’s TMS method, using TDI signals with Price Action from post #647 Previous highs and lows Trend Rejections and Reversals TDI signals {image}
{quote} BigE’s TMS method, using TDI signals with Price Action from post #647 Previous highs and lows Trend Rejections and Reversals TDI signals {image}
{quote} GJ Sep 04 - +4R trade exit at ADR-High
{image} ...
{quote} GJ Sep05 ... new day same plan same dragon - what will the market bring today? - a new day and new ADR levels. - note the TMS MAs 10, 50 and 200EMAs ... - Price Action above 5EMA and 10EMA... - SYD_2H range is 35pips - wait for TOK_5H ... be patient! {image} ... {image}
{quote} GJ Sep05 ... new day same plan same dragon - what will the market bring today? - a new day and new ADR levels. - note the TMS MAs 10, 50 and 200EMAs ... - Price Action above 5EMA and 10EMA... - SYD_2H range is 35pips - wait for TOK_5H ... be patient! {image} ... {image}
{quote} I would generally use ATR for that. Learnt it form the turtles. Thoug I find it's kinda lost it's effectiveness over the years.
{quote} Folks, Do Not trade with prop firm account. You read this: CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders | CFTC https://www.cftc.gov/PressRoom/PressReleases/8771-23 ...
